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Market Research Report

Smart Home Technologies Assessment - Explaining the Methodology

Published by Lux Research Product code 355759
Published Content info 14 Pages
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Smart Home Technologies Assessment - Explaining the Methodology
Published: March 19, 2016 Content info: 14 Pages
Description

Smart home technologies are currently classified as energy-, well-being-, or security-centric solutions with specific functions delivered to the end consumer. Each player in the space is tackling different homeowner pain points in a variety of ways, making it a challenge to compare different kinds of technologies in terms of their value proposition. While cost is a common way of comparing plain hardware, smart home solutions come with software that unlocks additional characteristics that should be considerd, as well. Therefore, finding a way to monetize the value delivered by each smart home technology and combining it with the cost to the end consumer is a fair way of comparing the current status of the players and their functionalities in the smart home space.

Table of Contents

Table of Contents

EXECUTIVE SUMMARY

LANDSCAPE

  • Capabilities of smart home devices are evolving from energy-centric solutions to deliver security and well-being, with no clear approach to quantify their specific added value.

ANALYSIS

  • Smart home technologies can be compared in terms of their annual costs and by monetizing the value they deliver to the end consumer, from loss prevention to substantial energy savings.

OUTLOOK

TABLE OF FIGURES

  • Figure 1: Graphic Template to Compare Value Proposition and Cost for All Smart Home Focus Area Functions
  • Figure 2: Table Focus Area Value Spectrum Ranges
  • Figure 3: Graphic Value Spectrum Ranges for Each Focus Area
  • Figure 4: Table Summary of the Conclusions for the Potential Savings Due to Improved Indoor Air Quality
  • Figure 5: Table Value Spectrum Scoring Criteria
  • Figure 6: Graphic Comparison of Smart Home Technology Functions
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